| COURT: | ITAT Delhi |
| CORAM: | G. D. Agrawal (VP), I. C. Sudhir (JM) |
| SECTION(S): | 153A, 153C |
| GENRE: | Domestic Tax |
| CATCH WORDS: | Date of initiation of search, limitation period, Search assessment |
| COUNSEL: | K. R. Manjani |
| DATE: | November 28, 2014 (Date of pronouncement) |
| DATE: | November 29, 2014 (Date of publication) |
| AY: | 2001-02 & 2002- 03 |
| FILE: | Click here to view full post with file download link |
| CITATION: | |
| As per proviso to s. 153C, the date of receiving books of account or documents shall be considered the date of search. Therefore, under proviso to s. 153C and s. 153A(1)(b), in the case of person in whose case action is required u/s 153C, the AO is empowered to take action u/s 153C for the year in which the seized document is received by him and the preceding six years | |
As per Section 153A(1)(b), the Assessing Officer is empowered to assess or reassess the total income of the six assessment years immediately preceding the assessment year relevant to the assessment year in which search is conducted. Thus, in other words, …
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